Asha Paulose is an elder law and estate planning attorney in New York who operates a virtual law firm for clients living in Long Island, NYC, and the Hudson Valley. Her firm prepares trusts, wills, and other planning documents to help families through death or protect assets as individuals begin to age. She joined us today to talk about the common estate planning mistakes people make, why you should not add your kids’ names to your bank account, why you shouldn’t have your siblings inherit your assets that meant for your children, and more.

[04.05] Asset protection – Asha starts the conversation by explaining the importance of asset protection.

[11.33] Minor beneficiary – Grant and Asha discuss why a trust is a good idea if you have a minor beneficiary.

[18.34] Funds – Asha explains why commingling funds is not a good idea.

[26.27] Revocable living trust – A revocable trust is a trust that allows the grantor or creator to modify or revoke its terms according to their wishes.

[35.28] Succession planning – Grant and Asha talk about the importance of succession planning when you start your own business.

[40.11] Virtual firm – Asha discusses the benefits of having a virtual firm.

Resources

Connect with Asha

LinkedIn – linkedin.com/in/asha-paulose-17a50565/

Website – ashapaulose.com/

Instagram – @PauloseLaw

Most Recent Episodes

October 2, 2024

Ep #250 – Should I Roll My 401k Into an IRA?

Most Americans have at least some of their Retirement savings sitting in workplace retirement plans like 401ks, 403bs, SEP-IRAs and the like.  And when you leave a job, due to a retirement...

Listen · 50:38

September 4, 2024

Ep #249 – We Just Retired. Should We Downsize?

Downsizing from your large, long-held family home is a popular concept for retirees, but may not always be the best choice.  Even though smaller homes are less costly & easier to maintain,...

Listen · 26:17

August 28, 2024

Ep #248 – I’d Like to Give More to Charity. How Can I Reduce My Taxes by Doing So?

Mailbag Question: “I’d like to give more Money to a couple different charities this year, but my tax person said it wouldn’t help my taxes.  Is there a way I can make a gift that reduces my...

Listen · 27:39

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Grant Bledsoe Financial Planner to Business Owners

I'm a financial planner to business owners, and the founder of Three Oaks Wealth. Our firm helps business owners align their business interests with their personal finances, often including the exit or sale of equity holdings.

I hold several professional credentials, including the CERTIFIED FINANCIAL PLANNER™, Chartered Financial Analyst, and Certified Exit Planning Advisor designations.